Loophole in UDST deposits Found
People were speculating if USDT and BitFinex are not a reason of fake pump of BTC prices.
Today Okex exchange found some loophole and checked it with Slow Mist cybersecurity technology company and found some issues.
OkEX is safe from the issue but other places not may be so should check.
OkEX Markets
I personally trade there REN mostly which is not top10, but this was one of the top volume exchanges before all the China drama.
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Isn't it just a FUD? Some random exchange implemented USD in wrong way and now tries to blame USDT so some whales can buy lower?
It was FUD, exchange could wrongly implement it causing doublespends towards the exchange. Source: Omni/Tether twitter.
Although USDT did get a green light from the audit this month but once again more bad news.
USDT has been good for storage for now but this is too much water under the bridge.........
I think people are opt to TUSD (TrueUSD) for ERC20 mechanism. Also, the TUSD has USD reverse in their company. It should be a better option than USDT.
No one of those sites are safe, but as we need to use it, we still to use it.
Still bad news in crypto market to follow
rypto market to follow
really informative post like it and upvoted.
Nice
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That sounds like a terrible bug if I am understanding it correctly.